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Australasian markets saw an abundance of issuance in the first week of December. Highlights in Australia include Ampol's subordinated transaction and Macquarie Bank's domestic senior-unsecured deal, while Kiwibank's tier-two print in New Zealand is the first bank capital deal in the local market since new bank capital requirements were finalised last year.

Updated

The Reserve Bank of New Zealand (RBNZ) has embarked on an asset purchasing programme as part of its regular open market operations in support of monetary policy goals. KangaNews will provide subscribers with easy access to asset purchase data, which will be updated as information is made publicly available by the RBNZ.

Following a mandate announcement earlier in the day, Resimac launched its residential mortgage-backed securities (RMBS) deal, Premier Series 2020-3, on 4 December. Total indicative volume for the transaction is A$1 billion (US$743.6 million) equivalent and is expected to price on the day of launch. 

Updated

The Reserve Bank of Australia (RBA) has embarked on an asset purchasing programme as part of its regular open market operations in support of monetary policy goals. KangaNews will provide subscribers with easy access to asset purchase data, which will be updated as the RBA makes information publicly available.

On 4 December, Resimac revealed plans for a residential mortgage-backed securities deal, Resimac Premier Series 2020-3, consisting of Yen and Australian dollar denominated tranches. The transaction is expected to launch and price later in the day. National Australia Bank, SMBC Nikko and Standard Chartered are leading.

On 4 December, Pepper Group began taking indications of interest for its auto and equipment asset-backed securities (ABS) deal, Pepper Sparkz 3. Capped volume for the transaction is A$615.9 million (US$458.1 million) and is expected to launch in the week beginning 7 December. Westpac Institutional Bank is arranger and joint lead manager alongside BofA Securities, MUFG Securities, National Australia Bank, RBC Capital Markets and Societe Generale.

On 4 December, University of Wollongong (UOW) (AA by S&P) revealed it is considering eight-year tenor in addition to a 20-year tranche for a potential Australian dollar denominated deal initially announced on 24 November. National Australia Bank is leading.

On 3 December, ME Bank began taking indications of interest for its capital-relief residential mortgage-backed securities (RMBS) deal, SMHL Securitisation Trust 2020-1. Total indicative volume for the deal is A$500 million (US$370.6 million) and is expected to launch in the week beginning 7 December. ANZ is arranger and joint lead manager alongside Commonwealth Bank of Australia, MUFG Securities and National Australia Bank.